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Verdigris

0 statements across 0 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Aug 14, 2017 by Mark Chung · said 6 times in 1 episodes since 2017 · across every show →

Mentions by year

brought up most by Nathan Latka (5), Mark Chung (1)

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2017 6 mentions in 1 episode

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Everything said about Verdigris, oldest first

Aug 14, 2017
Assertion Not checkable as stated
Verdigris maintains a 90 percent engineering ratio on its 30-person team
“It's about 90% engineering.”
Mark Chung Aug 14, 2017 ▶ 15:04 751: IoT Electricity Measuring King Raises $16m w/ $1.2 Million Revenue
Aug 14, 2017 bullish
Disclosure
Verdigris plans a residential product under $10 per month via utilities
“We do intend to roll out a plan probably in partnership with the utility in the next few years that would allow us to Put this in people's homes for, you know, hopefully under 10 dollars a month or something at an acceptable cost.”
Mark Chung Aug 14, 2017 ▶ 11:35 751: IoT Electricity Measuring King Raises $16m w/ $1.2 Million Revenue
Aug 14, 2017 neutral
Assertion Not checkable as stated
Verdigris has deployed approximately 300 hub devices
“Yeah, about 300 today.”
Mark Chung Aug 14, 2017 ▶ 9:14 751: IoT Electricity Measuring King Raises $16m w/ $1.2 Million Revenue
Aug 14, 2017 bullish
Assertion Not checkable as stated
Verizon leverages 900 enterprise sales reps to pitch Verdigris IoT solutions
“So Verizon, because we are a Verizon preferred partner they have a sales team of about 900 people that are out in the field talking to their Fortune 500, Fortune 2000 customers selling ranges of IOT solutions from video surveillance to telematics to energy man…”
Mark Chung Aug 14, 2017 ▶ 16:55 751: IoT Electricity Measuring King Raises $16m w/ $1.2 Million Revenue
Aug 14, 2017 neutral
Disclosure
Verdigris has raised approximately $16 million in venture funding
“Today, about sixteen million.”
Mark Chung Aug 14, 2017 ▶ 5:54 751: IoT Electricity Measuring King Raises $16m w/ $1.2 Million Revenue
Aug 14, 2017 bullish
Assertion Not checkable as stated
Verdigris reports having essentially zero gross customer churn
“It's essentially zero today.”
Mark Chung Aug 14, 2017 ▶ 13:24 751: IoT Electricity Measuring King Raises $16m w/ $1.2 Million Revenue
Aug 14, 2017
Insight
Verdigris targets enterprise customers spending at least $10,000 monthly on electricity
“General rule of thumb is that we look for people who've spent, spend about 10,000 dollars a month on electricity.”
Mark Chung Aug 14, 2017 ▶ 14:43 751: IoT Electricity Measuring King Raises $16m w/ $1.2 Million Revenue
Aug 14, 2017 neutral
Disclosure
Verdigris treats its hardware as a loss leader for SaaS revenue
“We don't make money on the hardware.”
Mark Chung Aug 14, 2017 ▶ 5:39 751: IoT Electricity Measuring King Raises $16m w/ $1.2 Million Revenue
Aug 14, 2017 positive
Assertion Supported
Jabil claims Verdigris reduced its operational costs by 50 percent
“And in fact, they've come out and said that we've saved about 50% of their operational costs through using our solution.”
Mark Chung Aug 14, 2017 ▶ 3:01 751: IoT Electricity Measuring King Raises $16m w/ $1.2 Million Revenue
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